GEORGE TOWN: After more than a year of negotiations, a breakthrough appears to have been achieved in the deadlock of talks between the Penang state government and Boustead Holdings Bhd over a dispute involving the Royale Bintang Hotel project.

KUALA LUMPUR: Berjaya Land Bhd (BLand) has released details of a proposed acquisition in 2004 regarding the acquisition of 244.79 acres of leasehold land in Sg Besi and 750 acres freehold land in Sg Tinggi for RM640 million and RM605 million respectively.

PETALING JAYA: Qi Group, a Hong Kong-based global e-commerce company headed by entrepreneur Datuk Vijay Eswaran, is eyeing
strategically-located properties in Malaysia in the leisure, hospitality and health-related industries including setting up affordable specialist hospitals in what is seen as a homecoming for the self-made multi-millionaire.   

KUALA LUMPUR: Within two days of its soft launch on Aug 7, Phase 2 of Greenhill Residences saw six of its 20 premier twin villas snapped up, said developer Greenhill Development Sdn Bhd director Tan Hong Lai.

This represents a 30% take-up rate, he told theedgeproperty.com on Thursday, August 12.

KUALA LUMPUR: Gadang Holdings Bhd plans to launch RM110 million worth of property projects over the next year in Kuala Lumpur and Johor.

A company official said on Thursday, Aug 12 Gadang was also looking to expand its plantations in Sabah via joint ventures with the landowners.  Currently, it has plantations in Ranau, Sabah.

KUALA LUMPUR: Sime Darby Sunrise Development Sdn Bhd (SDSD) has shortlisted architectural companies to send in their designs for its RM1 billion mixed development project in Bukit Jelutong, Shah Alam.

HONG KONG: The big are getting bigger.

Just seven years ago, Sun Hung Kai Properties (SHKP) and Cheung Kong (Holdings) accounted for just over a third of the new private homes put up for sale.

HONG KONG: Major property markets in Asia are likely to face a slower second half because of policy risks and an expected increase in housing and office supply, after some developers had a positive first six months.

KUALA LUMPUR: Kumpulan Hartanah Selangor Berhad (KHSB) on Wednesday, Aug 11, aims to acquire 38,850 sq m of land in Section 14, Petaling Jaya from Majlis Agama Islam Selangor (MAIS) for a total cash consideration of RM61.7 million

KUALA LUMPUR: Bina Puri Mining Ventures Sdn Bhd, a subsidiary of construction and property developer Bina Puri Holdings Bhd, has acquired a new subsidiary for a total cash consideration of 2.281 billion rupiah (RM807,600).